US Aiding India in Securing Lower Prices for Russian Oil

15 Mar 2024 CW Team

A Biden administration envoy has disclosed that the United States is actively supporting India's endeavors to negotiate lower prices for Russian oil. This revelation underscores the diplomatic efforts aimed at mitigating the economic impact of rising energy prices on India, amidst global concerns over energy security and supply disruptions.

The collaboration between the US and India reflects strategic cooperation between the two nations in addressing energy-related challenges and fostering economic resilience. By assisting India in securing favourable terms for Russian oil imports, the US aims to bolster India's energy security and mitigate the adverse effects of escalating oil prices on its economy.

The revelation comes at a time when global oil prices have surged, driven by various factors including geopolitical tensions, supply disruptions, and growing demand. India, as one of the world's largest oil importers, is particularly vulnerable to fluctuations in oil prices, making efforts to secure favourable terms for oil imports crucial for its economic stability.

Moreover, the US assistance underscores the importance of international cooperation in addressing shared energy challenges and promoting stability in global energy markets. By working together, the US and India can leverage their respective strengths and resources to navigate the complex dynamics of the global energy landscape more effectively.

Overall, the revelation of US support for India in securing lower prices for Russian oil underscores the importance of diplomatic collaboration in addressing energy security concerns and promoting economic stability in an increasingly interconnected world.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..